Equity Research Report Release

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Genco Shipping & Trading Limited (GNK)

Genco Shipping &
Trading Limited, incorporated on September 27, 2004, transports iron ore, coal,
grain, steel products and other drybulk cargoes along shipping routes through
the ownership and operation of drybulk carrier vessels. The Company is engaged
in the ocean transportation of drybulk cargoes around the world through the
ownership and operation of drybulk carrier vessels.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

4Q2018 EBITDA ahead
of expectations. 4Q2018 EBITDA of $42.4 million was ahead of
expectations due to higher TCE rates. Adjusted 4Q2018 EPS of $0.39 was the
fifth profitable quarter in the last six years.

*Analyst
certification and important disclosures included in full report.
NOTE: investment decisions should not be based upon the content of
this research summary. Proper due diligence is required before
making any investment decision.